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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (35301)	11/20/2000 12:56:05 PM
From: James C. Mc Gowan	Read Replies (2) \| Respond to of 50167

Hello IKE: as we move back to recent lows, I picked up some data which apparently reflects the large net short positions of commercials over the past 12 weeks, anyway. commitmentsoftraders.com (if this link does not work, try this indirect link to COT site: Message 14843790 and Message 14842049 How can we have a sustained rally when these larger players are betting on a continued downward trend, even from these 52 week low levels? The one day rally last Tuesday was heavily hyped by AJ Cohen and other brokerage house gurus, prior to the open. Seems no "rally" lasts for more than one day or so before descending. Is this what they call a trap for bulls trying to devine the bottom? Battered but not bowed, still looking for an opportunity here, when/if this election mess is resolved, but will any post Florida resolution rally have legs, or be just another opportunity for bigger players to sucker small investors before yet another downdraft? Hard to say, isn't it. I'd be very interested in your take on this commitment of traders data, and what, if any significance it may portend. Regards, and nice to see you have increased your posting during these difficult times. James